OLD National Bancorp IN Takes $341,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

OLD National Bancorp IN bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,995 shares of the energy company’s stock, valued at approximately $341,000.

A number of other large investors have also modified their holdings of the company. Signaturefd LLC raised its stake in shares of Cheniere Energy by 2.0% in the fourth quarter. Signaturefd LLC now owns 12,217 shares of the energy company’s stock valued at $2,086,000 after purchasing an additional 236 shares in the last quarter. abrdn plc raised its stake in shares of Cheniere Energy by 13.6% in the fourth quarter. abrdn plc now owns 740,237 shares of the energy company’s stock valued at $126,366,000 after purchasing an additional 88,893 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in shares of Cheniere Energy by 3.4% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 25,927 shares of the energy company’s stock valued at $4,426,000 after purchasing an additional 848 shares in the last quarter. Fidelis Capital Partners LLC raised its stake in shares of Cheniere Energy by 21.0% in the fourth quarter. Fidelis Capital Partners LLC now owns 5,490 shares of the energy company’s stock valued at $937,000 after purchasing an additional 953 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of Cheniere Energy in the fourth quarter valued at $960,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 1.3 %

Cheniere Energy stock opened at $159.53 on Friday. The firm has a 50-day moving average price of $157.98. The company has a market capitalization of $36.80 billion, a PE ratio of 3.94 and a beta of 0.94. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the business earned $15.78 earnings per share. The firm’s quarterly revenue was down 46.9% compared to the same quarter last year. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LNG shares. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. UBS Group dropped their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays increased their price objective on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. TD Cowen dropped their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Finally, Redburn Atlantic initiated coverage on Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.